- President marks second year in office amid inflation and cost-of-living crisis
- Loan aims to address subsidy removal fallout and fix outdated infrastructure
Lagos, Nigeria – President Bola Tinubu has asked Nigeria’s Senate to approve a $21.5 billion foreign loan to fund projects under the country’s 2025–2026 borrowing programme. In a letter read by Senate President Godswill Akpabio on Tuesday, Tinubu outlined plans to use the loan for infrastructure, agriculture, health, education, water supply, economic growth, security, employment generation, and financial reforms.
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